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Vistara set to shut down in November
Singapore Airlines’ stake in Air India has been approved in India, and has now paved the way for Air India’s planned full merger with Vistara.
SIA was a founding investor in Vistara with majority owner Tata Group.
Tata has since acquired Air India.
Singapore Airlines’ will take a 25.1% stake in the merged Air India-Vistara business.
The merger between the two airlines will be completed on 12 November when the Vistara brand will cease to exist.
All of Vistara’s crew, aircraft and its air operator certificate will transfer to Air India.
From 3 September, customers trying to make new bookings for Vistara flights will be redirected to Air India’s website.
“Vistara and Air India are committed to ensuring that this transition is smooth and hassle-free. We are excited about this new phase in our journey,” said Vinod Kannan, CEO of Vistara.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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